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Haryana CM signed six MoUs during London tour

May 12, 2018 10:28 PM

Punjab News Express
CHANDIGARH: The Chief Minister, Mr Manohar Lal, who is leading a high-level delegation to UK signed as many as six MOUs with different companies in London, today.

The MOUs would facilitate investments in Haryana in diverse fields, including fintech, smart cities, emerging technologies, transfer of advanced technology and setting up of an IoT Innovation Centre in Gurugram.

The MOU with UK India Global Business Limited (UKIGB) seeks to promote development of smart technology infrastructure (STD), especially focused on aerospace and defense companies. It would include investments, transfer of technology, support services and establishing UK/European companies.

Under the MOU, the two parties have agreed to develop strong institutional, trade and business relations between Haryana Government and UKIGB in order to establish a sustainable smart technology infrastructure to host foreigncompanies.

The Chief Minister signed an MOU with Pontaq, a UK India Innovation Fund, focussing on Fintech, Smart Cities and Emerging Technologies. Under this MoU, the Haryana Government would provide necessary grants, subsidies, tax breaks and infrastructure to the portfolio companies of Pontaq aiming to set up their operation in Haryana.

He also signed an MOU with Xelba Limited, under which Xelba will provide intellectual property and knowledge and hardware and software tools to deploy such a project, along with the creation of an IoT innovation centre in Gurugram.

The Chief Minister signed an MOU with Relmatech Limited, a leading provider of Remote ID and Tracking Systems for unmanned aircraft systems or drones. Under this MoU, Haryana would provide assistance of Relmatech to continue to increase development activities in the field of remote ID and tracking of ummanned aircraft systems in Haryana.

Under the MOU with GoodBox, the company will offshore a multitude of functions, including both manufacturing and services.

The Chief Minister also signed an MOU with ZapGo Limited, developer of a new generation of fast-charging energy storage devices. Under this, ZapGo Limited would establish a manufacturing site in Haryana.

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